BITCOIN REVERSAL - 4H CHART
Hi Traders,
Bitcoin got out of the last structure I analysed if you check my last analysis here on TV.
While some people dare to confirm we have a full reversal in Bitcoin I would not be so optimistic, let's see how fast/slow it goes up from here. I believe we are in an uptrend for the following couple of weeks according to some wave analysis rules in the bigger picture.
Right now we should pull back and then start heading to the main trend (black arrows) also taking into account other possible moves, however, at a much lower probability.
Carlos
Bitcoin got out of the last structure I analysed if you check my last analysis here on TV.
While some people dare to confirm we have a full reversal in Bitcoin I would not be so optimistic, let's see how fast/slow it goes up from here. I believe we are in an uptrend for the following couple of weeks according to some wave analysis rules in the bigger picture.
Right now we should pull back and then start heading to the main trend (black arrows) also taking into account other possible moves, however, at a much lower probability.
Carlos
Note
Very Accurate! Press PLAYNote
If we keep consolidating then get ready for an uptrend Rally :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.